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Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040. By that time, the Philippines wants to be free from poverty and sustain a prosperous middle class. [39] In order to do so, the World Bank estimates that income per capita must triple by way of having its economy grow at an average annual rate of 6.5%. [40]
January 4 – President Duterte signs Republic Act No. 11510, institutionalizing the alternative learning system (ALS). [2] [3]January 18 – The Department of National Defense announces its unilateral termination of its 1989 accord with the University of the Philippines which took effect three days earlier over claims that the New People's Army is recruiting members in the universities' campuses.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09
(Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against ...
Joachim von Amsberg (born June 23, 1964) is a German economist, banker, and development finance leader who served, as Vice President, Policy and Strategy of the Asian Infrastructure Investment Bank from 2016 to 2021. [1] [2] Earlier in his career, he was Vice President of the World Bank, responsible for Development Finance. [3]
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WASHINGTON (Reuters) -The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from a new $20 ...
The Biden administration officially withdraws two major legislative plans that would have granted student loan forgiveness to more than 30 million Americans. ( Forbes ) (CNBC) Japanese automakers Nissan and Honda announce plans to for a merger by 2026, potentially forming the third-largest automotive company in the world .